Oil futures mark lowest close in almost two weeks

SAN FRANCISCO (MarketWatch) -- Oil futures fell on Monday to close at their lowest level in nearly two weeks. Traders weighed the latest batch of global economic data, including a reported upward correction to the Institute for Supply Management's U.S. manufacturing index to 55.4% in May. "The ISM correction came too late in the trading day to help crude oil," said Richard Hastings, macro strategist at Global Hunter Securities. The ISM signal also "wasn't big and loud enough to change the main story on Monday: the market is beginning to feel too far out on a ledge with $103 per barrel for U.S. crude." July crude
cln4
fell 24 cents, or 0.2%, to settle at $102.47 a barrel on the New York Mercantile Exchange, the lowest settlement for a most-active contract since May 20.

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